BTC steadily climbed from 75K to 104K, a classic step-by-step rebound. After each wave of increase, there will be a period of sideways consolidation, followed by continued upward movement. But now, the 105K mark is blocking the way, with $120 million in selling pressure piled up on the order book. 104,800: $50M sell order. 105,000: $70M sell order. It is evident that large funds are preparing to reduce positions or take profits here. So will it continue to rise? The probability is high that it will, but it may need some time to digest this wave of selling pressure. Therefore, this stage is about waiting for a breakthrough with significant volume. It's not that it can't rise now, but it's rising too fast and needs a break. To break through 105K, it must first withstand this wave of profit-taking selling pressure. Once broken, the target will be aimed directly at historical highs.